Description

Nike, Inc., based near Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Wholly-owned NIKE, Inc. subsidiary brands include Converse, which designs, markets and distributes athletic lifestyle footwear, apparel and accessories; and Hurley, which designs, markets and distributes surf and youth lifestyle footwear, apparel and accessories.

Nike Inc -Cl B (NYSE:NKE) traded in a range yesterday that spanned from a low of $72.78 to a high of $74.75. Yesterday, the shares fell 2.5%, which took the trading range below the 3-day low of $72.89 on volume of 1.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Nike Inc -Cl B (NYSE:NKE) traded in a range yesterday that spanned from a low of $72.78 to a high of $74.75. Yesterday, the shares fell 2.5%, which took the trading range below the 3-day low of $72.89 on volume of 1.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.